Quant was launched in 2018 with the mission of enabling seamless connectivity between blockchains and networks worldwide while maintaining efficiency and interoperability. It pioneered a solution to blockchain interoperability by introducing the first blockchain operating system. The project is built on an operating system-based distributed ledger technology called Overledger Network, designed to link diverse blockchain networks. Quant is recognized as the first operating system specifically developed for blockchains. Quant's primary objective, through Overledger, is to address the fragmentation between different blockchains. The Overledger network serves as the foundation of the project, envisioned as the infrastructure for a future digital economy. Overledger empowers developers to create decentralized multi-chain applications (MApps). To develop an MApp on the network, developers are required to hold a specified amount of Quant tokens (QNT). For further insights into Quant, explore our in-depth analysis [here](https://droomdroom.com). Gilbert Verdian, a co-founder of the Quant Network, conceived the idea for the blockchain project while working in the healthcare sector. He recognized the critical role of interoperability in ensuring seamless coverage for patients across different platforms. With over 20 years of industry experience, Verdian has focused on enhancing security, technology, and business strategies for organizations worldwide. Before founding Quant, he held key leadership roles, including Chief Information Security Officer (CISO) at Vocalink (a Mastercard company), Chief Information Officer at NSW Ambulance, CISO at eHealth NSW, and Security Lead at the UK Ministry of Justice. The second co-founder, Dr. Paolo Tasca, is an entrepreneur and digital economist specializing in distributed systems. He has served as a blockchain technology advisor for the EU Parliament, the United Nations, and multiple central banks globally. Dr. Tasca is also a co-author of several fintech publications and the co-founder and Governing Board Chair of the Retail Blockchain Consortium. Blockchain and distributed ledger technology have enabled innovators to develop solutions across nearly every industry. However, interoperability between different blockchain projects has remained a challenge. Quant was developed to bridge this gap, serving as a connection between disparate blockchains. Quant’s operating system, Overledger, functions as a gateway, allowing blockchain-based projects to interact with multiple blockchains. It also facilitates communication between applications within the same blockchain ecosystem, such as Ethereum. Beyond enabling cross-chain interactions, Quant provides distinct layers for applications to engage at various levels. These layers include transaction processing, messaging, filtering, ordering, and a dedicated application layer for sharing and referencing related messages across different applications. The Quant App Store offers the capability to read and monitor transactions across multiple ledgers. Through Overledger, developers can write smart contracts for a wide range of blockchains—even those that traditionally do not support them, like Bitcoin. Additionally, developers can use the platform to build and deploy multi-chain applications (MApps). **QNT is a utility token** designed for payments within the Quant ecosystem. It serves as the primary method for users to pay fees when accessing Quant’s services, including transactions on Overledger. To use Overledger, clients and developers must purchase a license, which can be paid for using QNT. These tokens are locked for a 12-month period. Additionally, QNT is required to operate Gateways and execute read/write functions on Overledger. The **total supply of QNT is fixed at 14,612,493 tokens**, distributed as follows: - **9.9 million QNT** – Sold to the public during the initial coin offering (ICO) - **2.6 million QNT** – Allocated to the company reserve for ongoing operations - **1.3 million QNT** – Reserved for company founders - **651,000 QNT** – Issued to company advisors The **current circulating supply is 12,072,738 QNT**, with the remaining **2 million tokens held by the company**. These tokens are unlocked and may be sold or distributed as needed. **Overledger: The Foundation of the Quant Network** Overledger serves as the core infrastructure of the Quant Network, enabling seamless communication and interoperability between different distributed ledger technology (DLT) networks. The **Overledger Network** incorporates gateways that facilitate connections across multiple blockchains. Like Ethereum’s proof-of-stake model, the Quant Network community participates in managing treasury smart contracts. A key responsibility of the community is overseeing **QNT payments** between users and gateways, ensuring transparency and accountability for all participants. *(Note: References to external platforms have been removed to maintain focus on the core functionality of Overledger and the Quant Network.)* Quant (QNT) tokens are available for trading on multiple exchanges, including: - Bilaxy - Bittrex - Bithumb Global - 1inch Exchange - Uniswap (V2) - Hotbit QNT can be paired with cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), stablecoins such as Tether (USDT), and fiat currencies like the euro. For the latest QNT price updates, visit DroomDroom. Learn more about Chainlink (LINK). Discover information about Polkadot (DOT). Explore guides on how to use Uniswap. Stay informed with the latest crypto news on DroomDroom.